OKX (OKX Exchange)

Coin-to-coin trading is a trading method where one cryptocurrency is exchanged for another, such as Bitcoin (BTC) for Ethereum (ETH), without involving fiat currencies (like Renminbi or Dollar).

How does it work?

• Go to the “Coin-to-Coin Trading” page;
• Select the trading pair, enter the amount, and place the order to complete the transaction.
• Select the trading pair, enter the amount, and place the order to complete the transaction.

In short, coin-to-coin trading is a “swap” of coins with each other, without withdrawing fiat currencies, which is very convenient for users who want to invest in different currencies. Choose a platform with high liquidity and a good reputation to ensure transaction security.

As on-chain interactions become more frequent, the risk of phishing increases. OKX reminds users of three key security points:

• Never enter your mnemonic phrase or private key on any website, as leaking this information leads to irreversible asset loss;
• Be cautious of fake websites and malicious links, especially those shared via social media, search engines, emails, or unknown individuals;
• Carefully verify transaction information in wallet pop-ups, ensuring the content matches the operation to avoid authorizing malicious contracts.

The OKX Web3 wallet includes a risk detection system that can block some malicious contracts and phishing links, enhancing transaction security. It is also recommended to regularly change wallets, set restricted addresses, and store assets in a distributed manner.

In the on-chain world, security awareness is your first line of defense. Remember these three key points against phishing, stay away from risks, and trade with peace of mind!

Want to buy Bitcoin quickly? Just three steps, done in 1 minute!

• First Step: Account Registration
  Choose a leading cryptocurrency trading platform (e.g., OKX), register with a phone number or email, and complete identity verification.

• Second Step: Fund Deposit
  Deposit fiat currency (e.g., Renminbi) via bank card, WeChat, Alipay, or other methods, or use P2P trading to buy Bitcoin directly.

• Third Step: Buy Bitcoin
  Go to the “Buy Coins” page, select Bitcoin (BTC), enter the purchase amount, confirm, and the transaction will be completed, with the Bitcoin stored in your account wallet.

Contract trading is a two-way trading method where users can profit not only during Bitcoin’s rise through “long” positions but also during its fall through “short” positions. For example, if you predict Bitcoin will fall, you can open a short position, and the more the price drops, the more you earn.

The steps are simple:

• First Step: Choose a platform that supports contract trading (e.g., OKX);
• Second Step: Transfer funds to the contract account;
• Third Step: Select a long or short position, set the leverage ratio and position size, and confirm the order.

OKX’s follow feature allows you to select outstanding strategy traders and follow their trading actions with a single click, without needing to analyze the market or place orders manually. When they trade, your account executes the same actions synchronously. Ideal for beginners or users who don’t have time to track the market.

The process is also simple:

• First Step: Log in to your OKX account;
• Second Step: Go to the “Follow” page, select traders with stable profits and good risk management;
• Third Step: Set the follow amount and start automated trading with one click.

What is reverse opening? OKX’s reverse opening is an efficient tool for adjusting position direction in real-time, significantly improving efficiency and response speed. With one click, users can close the current position at market price and open a position in the opposite direction with the same amount. This feature allows traders to react quickly in volatile market environments.

How to use reverse opening?

• 1) Open the OKX app, select [Trading] to access the trading page. Click on [Commonly Used Functions], select [Trading Settings], and enable the switch for [Reverse Opening Function].
• 2) On the position, click the [Reverse Opening] button. In the secondary confirmation pop-up, you can review the closing and opening details, such as transaction amount, order price, etc. Click the [Reverse] button to execute the reverse opening.

Reverse opening is a useful feature in OKX’s contract trading, allowing one-click opening of an opposite position, quickly responding to market changes.

Example: If you opened a long position on Bitcoin and the market suddenly starts to fall, by clicking the “Reverse” button, the system automatically closes the current long position and immediately opens a short position of the same amount, without needing to manually close and place a new order, saving time and being efficient.

How to use reverse opening?

• 1. Open OKX’s contract trading interface;
• 2. On the position page, click the “Reverse” button;
• 3. The system will open a new position in the opposite direction based on the current position, completing the operation.

This feature is ideal for quickly adjusting direction during sudden market changes, especially for short-term or high-frequency traders. Note: Reverse opening involves fees and slippage risks; it is recommended to set stop-loss and take-profit limits before the operation to ensure stable trading. A simple click enables flexible response to market changes!

OKX provides numerous strategic trading tools that help users automate trading without needing to constantly monitor the market, capitalizing on market opportunities.

Common strategies include:

Grid Trading: Ideal for volatile markets, automatically buys at low prices and sells at high prices to profit from the price difference;

Periodic Investment Strategy: Regularly buys a fixed amount, ideal for long-term holding;

Profit and Loss Limits: Sets prices for automatic closing, controlling risks and securing profits.

• Log in to OKX, go to the “Trading” page, and select “Strategic Trading”;
• Choose the strategy type you need (e.g., grid, periodic investment, etc.);
• Set parameters (e.g., price range, investment amount, cycle, etc.) and click “Start” to execute.

OKX also has a strategy marketplace, where you can directly copy the public strategies of outstanding users and follow them with one click, making it easy to get started. Strategic tools are suitable for all types of users, enhancing trading efficiency and reducing emotional impact. Beginners are recommended to start with a demo account or small amounts to gradually master the logic of strategies.

The inability to withdraw or sell coins immediately after purchase is usually due to the platform’s security measures and fund freezing periods. Here are some common reasons:

• Preventing money laundering and fraud: To comply with anti-money laundering (AML) and know-your-customer (KYC) regulations, trading platforms set fund freezing periods to ensure the legality of transactions. Recently purchased coins are usually temporarily locked and can be withdrawn or sold after a certain time.
• Risk control mechanisms: To avoid abnormal transactions, platforms may review recently purchased coins. If your account is new or the source of funds is unclear, the platform may freeze those coins for verification.
• Platform operational delays: Some platforms may have technical reasons for freezing funds, especially during peak hours or system maintenance.

Typically, this freezing period lasts from a few hours to a few days, depending on the platform’s risk management policies. After the freezing period ends, you can freely withdraw or sell.

If you cannot withdraw for an extended period, it is recommended to contact the platform’s customer service to identify the specific reason and resolve the issue. In summary, these restrictions are designed to protect the security of user funds and prevent illegal activities.